The Monetary Authority of Singapore lowered interest rates for the first time since 2003, joining the other central banks in a coordinated attempt toprevent the credit crisis from deepening.
- China cuts rates….again. China’s central bank cut interest rates by more than a fullpercentage point. The key lending rate was dropped by 1.08%...
- New Zealand cuts rates by 1% The NewZealand Central Bank cut its key interest rates by a bold 1%. And it warned that it expects the...
- Credit card defaults rise in Singapore Singapore debt collector DP Information Group reported that its credit card collection cases have more than doubled since March. And...
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